August Industry News
The retail sector is one of the strongest, most profitable industries in the United States. Each month, companies change strategy and modify existing protocol to get ahead of competition and remain successful. At GoSpotCheck, we monitor trends and reports to ensure that our software can best help new and existing customers. Here are the most newsworthy pieces from August:
- Online brands are opening brick-and-mortar stores using data from e-commerce and omni-channel platforms.
- Target removed gender-based signage from their toys department, and Starbucks is adding craft beer and wine to its menu.
- Important things to know about the American consumer include: many like to snack, live alone, and have food allergies.
- The majority of apparel shoppers prefer to buy from physical stores, than purchase products online.
- In terms of back-to-school shopping, teens are mimicking their parents.
- Millennials buy hot sauce and snakes more than any other generation.
- The Outdoor Retailer Summer Market took place in Salt Lake City, and GoSpotCheck showed up – along with hundreds of exhibitors.
- The stock market took a dive earlier this week, but retail sales have rebounded along with the rest of the market.
- Customers demand a faster checkout experience.
- Forbes released a list of the 25 most innovative consumer and retail brands for 2015.